Photo: Flickr/Jason Lawrence How a cab medallion system is counterproductive: it introduces artificial scarcity and distorts drivers’ incentives. Russ Roberts points out that Japan’s fuel shortages are no mystery and that the solution isn’t more regulation. Shortages are a result of price controls that keep a scare product artificially inexpensive. Some fancy CSS work by Josh […]
Posts Tagged: Price Controls
What I’m Reading — December 23rd
Some of the links I’ve collected from around the web from December 21st to December 23rd.
What I’m Reading — July 8th
Some of the links I’ve collected from around the web on July 8th